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Listed by Nolan Jones • KELLER WILLIAMS TRI VALLEY REALTY
$ 3,550,000
Est. payment | /mo
17,016 SqFt
$ 3,550,000
Est. payment | /mo
17,016 SqFt
Key Details
Property Type Commercial
Sub Type Lowrise (1-3 Flrs)
Listing Status Active
Purchase Type For Sale
Square Footage 17,016 sqft
Price per Sqft $208
MLS Listing ID 41089645
HOA Y/N No
Originating Board Bridge AOR
Year Built 1961
Lot Size 0.335 Acres
Property Sub-Type Lowrise (1-3 Flrs)
Property Description
3020-3025 35th Avenue is a turnkey, exceptionally well maintained, multi-family property located just below the Laurel District in the vibrant Allendale neighborhood. This investment opportunity offers significant rental upside potential and value enhancement opportunities, making it ideal for both seasoned investors and newcomers. Constructed in 1961, this two-story, wood-framed building features a durable stucco exterior and is situated on a generous 14,600 square foot lot, offering a total of 17,016 rentable square feet. The property comprises 18 units, thoughtfully designed to accommodate various tenant needs, along with carport parking for tenant convenience. Unit Mix: o 2 one-bedroom, one-bathroom units (NC) o 15 two-bedroom, one-bathroom units o 1 three-bedroom, one-bathroom unit (NC) The property has seen several significant upgrades, ensuring low future repair and maintenance costs. Updates include a new roof and exterior paint (2018), seismic retrofit (2020), 4 fully renovated units and 6 partially renovated units, new windows (2022) and work has begun on balcony and raised walks to ensure compliance with current safety regulations. In addition, this property features a manager's office & storage space (for the owner only), as well as onsite laundry facilities.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling None
Flooring Other
Fireplace No
Building
Lot Description Other
Water Public
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Adam Shoop
Broker Associate at Exp Realty | Lic# 1782227